Child Tax Credit Payments (CTC) to Begin on July 15

The American Rescue Plan increased the maximum CTC in 2021 to $3,600 for children under the age of 6, and to $3,000 per child for children between ages 6 and 17. Approximately 39 million households, covering 88 percent of children in the United States, are slated to begin receiving monthly payments without any further action required.
The first monthly payment of the expanded and newly advanceable CTC from the American Rescue Plan will be made on July 15. The increased CTC payments will be made on the 15th of each month unless the 15th falls on a weekend or holiday. Eligible families will receive a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above. Read more here.